Q1 2026 Ceragon Networks Ltd Earnings Call Transcript

May 19, 2026 / 12:30 PM GMT

Transcript

Key Points

Positve

Ceragon Networks Ltd (CRNT) reported strong execution in key markets, particularly in India, with $86 million in bookings from two leading operators.
The company experienced healthy demand across its business, with revenue for Q1 2026 at $85 million and non-GAAP EPS at $0.01.
Gross margin improved to 36% from 33.5% in Q1 2025, benefiting from favorable geographic and product mix.
Ceragon Networks Ltd (CRNT) is making progress with a major Tier 1 carrier in North America, with successful trials of its new FR2 solution.
The company has a net positive cash position of $22.1 million, up from $19.4 million at the end of 2025, indicating strong financial health.

Negative

Revenue for Q1 2026 was down 4.1% from Q1 2025, indicating a decline in sales compared to the previous year.
The company is facing supply chain challenges with a large Tier 1 carrier in North America, impacting revenue timing.
There are broader industry-wide cost headwinds, including rising memory pricing, elevated copper and metals costs, and high freight costs.
Foreign exchange fluctuations, particularly the appreciation of the Israeli shekel and the weakness of the Indian rupee, are negatively impacting profitability.
Operating income for Q1 2026 decreased to $4.2 million from $4.5 million in Q1 2025, reflecting a decline in operational profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CRNT.OQ - Ceragon Networks Ltd
Q1 2026 Ceragon Networks Ltd Earnings Call
May 19, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to Ceragon's first quarter 2026 earnings call.

Our presentation today will be followed by a question-and-answer session, at which time, if you wish to ask a question, you will need to either raise your hand using your mobile or desktop application or press *9 on your telephone keypad and wait for your name to be announced. I must advise you that this call is being recorded today.

I would now like to hand over the call to our first speaker today, Rob Fink, Head of Investor Relations. Rob, please go ahead.

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Unidentified_2 [2]
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